CrowdStrike Q2 FY27: Record $333M Net New ARR, Raises FY27 Growth Outlook to 34%
CRWD has more than doubled off its 52-week low of $85.68.
Summary
CrowdStrike reported record Q2 FY27 results with $333M net new ARR and raised full-year growth guidance to 34%, signaling accelerating demand and a return to GAAP profitability.
Updates
· Reuters — Q3 revenue guided to $1.52-1.53 billion and full-year revenue to $5.99-6.01 billion. Falcon Flex ARR surpassed $2.29 billion, up 101% year-over-year.
Key Events · Earnings and Guidance · CRWD
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Record Net New ARR of $333M
Q2 FY27 net new ARR reached $333 million, up 51% year-over-year, the highest in company history.
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FY27 Growth Guidance Raised 630 bps
Full-year net new ARR growth outlook increased to 34% at the midpoint, up from prior guidance.
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Return to GAAP Profitability
GAAP net income of $5.3 million versus a $70.2 million loss in Q2 FY26; non-GAAP EPS of $0.31 beat $0.23.
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Record Cash Flow Generation
Q2 operating cash flow of $530 million and free cash flow of $377 million, both quarterly records.
Analysis · CRWD · Technology
CrowdStrike delivered its strongest quarter ever, with record net new ARR of $333 million and 51% year-over-year growth in that metric. The company raised its full-year net new ARR growth guidance by 630 basis points to 34% at the midpoint, a significant upward revision that reflects accelerating demand for its Falcon platform. GAAP profitability returned with $5.3 million in net income versus a $70.2 million loss a year ago, while non-GAAP EPS of $0.31 beat the prior year's $0.23. Record operating cash flow of $530 million and free cash flow of $377 million underscore the company's improving cash generation. The results and guidance raise suggest the July 19 incident headwinds are fading and the business is re-accelerating.
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At the time of this filing, CRWD was trading at $184.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $188.8B. The 52-week trading range was $85.68 to $227.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.